Bookkeeping

This is where your accounting software can help you reconcile and keep track of outstanding checks and deposits. Most reconciliation modules allow you to check off outstanding checks and deposits listed on the bank statement. Give your customers the option to pay via credit card, debit card, PayPal, or bank transfer. QuickBooks processes the payment […]

Keeping your financial records in order is hugely important to the success of your business. Read the steps you should take when closing out your small business’ books for the end of the fiscal year. Give your accountant direct access to your books so she can find the reports and information she needs when questions

The \(1,200\) ending work in process units are only \(35\%\) complete with regard to conversion costs and represent \(420 (1,200 × 35\%)\) equivalent units. The total materials costs for the period (including any beginning inventory costs) are computed and divided by the equivalent units for materials. The total of the cost per unit for materials

The Cost Per Equivalent Unit Calculator simplifies this process, enabling users to calculate costs effectively. This article will explain the formula, how to use the calculator, provide an illustrative example, and answer common questions related to the topic. This report shows the costs used in the preparation of a product, including the cost per unit

A trade-in or cash rebate can also provide capitalized cost reduction for a car loan. The cost of an item is allocated to the cost of an asset in accounting if the company expects to consume or use that item over a long period of time. The cost of the item or fixed asset is